The Economics of Everyday Things

The Economics of Everyday Things

Who decides which snacks are in your office’s vending machine? How much is a suburban elm tree worth, and to whom? How did Girl Scout Cookies become a billion-dollar business? In bite-sized episodes, journalist Zachary Crockett looks at quotidian things and finds amazing stories. Join the Freakonomics Radio Plus membership program for weekly member-only episodes of Freakonomics Radio. You’ll also get every show in our network without ads. To sign up, visit our show page on Apple Podcasts or go to freakonomics.com/plus.

Episodes

May 27, 2024 16 mins

Does anyone ever win the giant teddy bear? Zachary Crockett steps right up.

 

  • SOURCES:
    • Matthew Gryczan, retired journalist and engineer.
    • Elliot Simmons, former carnival game worker.
    • Olivia Turner, general manager of Redbone Products.

 

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With industries relying on them and profits to be made, weather forecasts are more precise and more popular than ever. But there are clouds on the horizon. Zachary Crockett grabs an umbrella.

 

  • SOURCES:
    • Steve Adelman, head of Adelman Law Group, PLLC and vice president of the Event Safety Alliance.
    • Peter Neilley, director of weather forecasting sciences and technologies for The Weather Company.

 

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May 13, 2024 19 mins

A fraternity’s budget includes broken windows, liability insurance, chili dog breakfasts, and the occasional $40,000 DJ. Zachary Crockett crashes the party.

 

  • SOURCES:
    • Anthony Anderson, member of the Sigma Alpha Epsilon fraternity.
    • Danielle Logan, owner of Fraternity Management.
    • Charlie O’Neill, member of the Sigma Alpha Epsilon fraternity.
    • Stephen J. Schmidt, professor of economics at Union College.

 

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May 6, 2024 17 mins

How does bail work — and who's really paying? Zachary Crockett follows the money.

 

  • SOURCES:
    • Joshua Page, professor of sociology and law at the University of Minnesota.
    • Steven Zalewski, criminal defense attorney and co-owner of Affordable Bails New York.

 

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April 29, 2024 18 mins

So many vehicles on the road today are white, black, or gray — but automotive designers find that consumer preferences may be changing lanes. Zachary Crockett surveys the lot.

 

  • SOURCES:
    • Tom Crockett, classic car enthusiast.
    • Mark Gutjahr, global head of design at BASF.
    • Nikkie Riedel, carline planning manager at Subaru of America.

 

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April 22, 2024 15 mins

Americans love to buy new stuff and hate to get rid of old stuff, which is why storing it all has become a $45 billion business. Zachary Crockett cleans out the garage.

 

  • SOURCES:
    • Zachary Dickens, executive vice president and chief investment officer of Extra Space Storage.
    • Anne Mari DeCoster, self-storage consultant.
    • Kara Kolodziej, self-storage unit tenant.

 

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April 15, 2024 19 mins

The background noises you hear in film and TV — from footsteps to zombie guts — are produced in specialized studios by professionals known as Foley artists. Zachary Crockett makes some noise.

 

 

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April 8, 2024 18 mins

Those letters at the end of web addresses can mean big bucks — and, for some small countries, a substantial part of the national budget. Zachary Crockett follows the links.

 

  • SOURCES:
    • Vince Cate, technical contact for the .ai domain in Anguilla.
    • Kim Davies, Vice President of Internet Assigned Numbers Authority Services and President of Public Technical Identifiers at ICANN.
    • Tianyu Fang, contributing editor at Reboot.

 

<...
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    April 1, 2024 18 mins

    The verdant lawns promise everlasting rest — but what does it mean to sign a lease for all eternity? Zachary Crockett finds out where the bodies are buried.

     

    • SOURCES:
      • Terry Arellano, co-founder and president of Cemetery Property Resales, Inc.
      • Jeff Lindeman, C.E.O. and General Manager of Mountain View Cemetery.
      • Tanya Marsh, professor of law at Wake Forest University.
      • Maureen Walton, founder and president of The Cemetery Exchange.
      • ...
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    March 25, 2024 15 mins

    Relocating halfway across the world is hard enough for humans. For pets it can require a specialist. Zachary Crockett waits at the airport, holding a sign saying "Fluffy."

     

    • SOURCES:
      • Amelia Barklow, owner of two pet ducks, Wobbles and Bean.
      • Mike Gays, managing director of Global Pet Relocation.
      • Gemma Tappin, pet relocation consultant team leader at Global Pet Relocation.

     

    Mark as Played
    March 18, 2024 17 mins

    More and more Americans rely on prostheses. They’re custom-fitted, highly personal, and extremely expensive. Zachary Crockett investigates.

     

     

    Mark as Played
    March 11, 2024 14 mins

    Interest in houseplants has exploded in recent years. But what causes floral trends, and prices, to grow? Zachary Crockett sows a few seeds.

     

     

    Mark as Played
    March 4, 2024 15 mins

    Once America’s favorite recreational activity, bowling has been in the gutter for decades. But some surviving alleys are resetting the pins. Zachary Crockett laces up.

     

    • SOURCES:
      • Mike Leong, owner of Bel Mateo Bowl.
      • Devon Stewart, head coach of Florida State University bowling team, C.E.O. of Bowl Connect, and consultant with the Hansell Group.

     

    Mark as Played
    February 26, 2024 18 mins

    Why does the mailman bring us so many catalogs, credit card offers, and pizza coupons? Because his job depends on it. Zachary Crockett checks the mailbox.

     

     

    Mark as Played
    February 19, 2024 17 mins

    If you can make it through three years of law school, you too might end up on a billboard.  Zachary Crockett makes the case.

     

     

    Mark as Played
    February 12, 2024 20 mins

    Why do you have to pay $4 to get $40 cash at a bar? And who does it go to? Zachary Crockett checks his balance.

     

     

    Mark as Played
    February 5, 2024 16 mins

    Why is it separate from medical insurance? And is it really insurance at all? Zachary Crockett goes in for a cleaning.

     

    • SOURCES:
      • Brad Bolman, postdoctoral member of the School of Historical Studies at the Institute for Advanced Study.
      • Pamela Maragliano-Muniz, prosthodontist and chief editor for Dental Economics.
      • Wendell Potter, president of the Center for Health and Democracy; former executive at Cigna.

     

    • RESOURCES:...
    Mark as Played
    January 29, 2024 17 mins

    Those low-priced staples on grocery-store shelves — where do they come from? Zachary Crockett finds out at a national convention for private-label manufacturers.

     

    Mark as Played
    January 22, 2024 18 mins

    Behind these steamy sequences, there are body doubles, pubic wigs, legal documents, and dedicated choreographers who make sure everyone is comfortable. Zachary Crockett fast-forwards straight to the good parts. 

     

     

    Mark as Played
    January 15, 2024 17 mins

    American golfers lose 300 million balls a year — and all those bad swings are someone else’s business opportunity. Zachary Crockett hits the links.

     

     

    Mark as Played

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